EUR/CHF

Yep as expected

More range trading ahead.

What cant go up must go down.

SNB’s Jordan expects to see swiss franc fall further over the next the next few quarters I dont really understand why or how they think this is going to happen.

Well, maybe he is right this time!
Gold has declined sharply in past few hours and yen is also going down ... It is quite possible that chf will follow them.

It depends on USD. We need to confirm on daily chart yesterday bullish candelisks on USD Pairs. if the USD bull get some momentum, CHF will fall.

You need only accumulate at these levels...

Its not looking very promising at the moment,maybe a test of 1.21960 is coming.

Good old eur/chf

Usd/chf falls so does eur/chf
Eur/usd falls so does eur/chf

We have promising economic data and signs from FED, that should engourage outflows from CHF
We have the Banking sector in Switzerland indicted by US and threatened by EU

Could anyone explain, why we see a increase in CHF? I mean we have a sell out in Gold, JPY is lower... Technical reaction on QE-Ending in stocks... What effect makes CHF relatively strong?

Thank you for your explanation...

This is because the power of the trend. CHF strengthening is very strong trend. It takes times (years) to change. Like the big ocean ship if you want to change its direction, first you need to slow it, stop it, turn it, and start it.

Look the usd/jpy weekly chart: there was:

- 5 year downtrend
- 2 year bottoming !
- and it strated to go up sharply

so we need time to change the chf uptrend. We are in the bottoming phase now. May be it is 3 months, half year or 1 year when it strats to weakening rapidly.

Damn the second I mentioned 1.236* resistance, if had known the market would listen that large, could had cut my finger before typing it or change it to 1.25

Seriously, no real reason for Chf strength. EU down UC must be Up and EC Up, yet both down = EC down(seen that before)
Not a usual equation but market would correct itself(doing it now in EU Up UC down)

UJ had not rise and yen weakened because of a boat, ship or whatever needs time to twist.
Had been 3 years so far for EC, put a new engine bring a brave captain and change the damn direction

Look, this is the only solution: SNB SNB SNB, just like it was BOJ BOJ BOJ

BOJ made many stick waves at past in intervention models but market had not understand. 300 pip intervention to see it back down after few days, until it applied its threats in real actions.
You want a verbal or written repeated "Utmost Determination and Defend Peg" words to plant fear inside bears When SNB decides EC go up, it will go up after Actual Action.

Like in life, if you are a Dad, your son is misbehaving, you warn him the first time, does not listen and continues, second time the same, if you don't punish him(not beating/physical abuse) the third time at most, he will not understand and will continue on same track.
Another example can be with your girlfriend or wife, would not go further what to do, don't want the feminist organizations come here
No place for nice guys in this world

It is not about Eurozone economical problems and all that rubbish Jordan and SNB release in each statement.

World Economical problems existed when BOJ intervened and would not stop after.

There is no better time for SNB to act than now(Fed ending QE, Euro not weak), when BOJ acted was not best period. Just do it!

Think for a second, Jordan does not know that a straight hint of negative rates or 1.25 peg would on its own raise EC to 1.25 and weaken the CHf. Why he had not say it? Because the time is yet to come, the preparation that involves many outer factors than the SNB, yet to be organized.

Solution: Market would not understand and would keep strengthening the Chf until an SNB stick wave

Technically, 1.219* main support can not be broken. I believe bulls are longing the bottom now that can be compared to the bottom of UJ before BOJ intervened. Under that level, we will be in a new phase.

not a very convincing bounce today with usd/chf going up and rumours about greece starting again maybe a move down to 1.20 area is on the way.

it definately looks like it wants a break of 1.22400 if it does break that level it will also break the daily 200 ema which has held price since the beginning of the year

Hello all

Has anybody got any predictions for the coming week?

Will eur/chf follow eur/usd lower or usd/chf higher?

Heading lower in my opinion the swissie is still a safe haven

lol..every goin long, i went short......zzzz


long 63% 19 traders
short 11 traders 37%

I think we will consolidate 1,22-1,225 in this week (200 DAY MA)

Next week we may be go up. This week is month end week which is generally CHF real money buying.

Seems to me like the market is now going into scared mode again and with that money going to the swissie.

IMHO, for those who dont always look at chart n hav deep margin, act this few days seems like good to buy... i do agree wit u nxt week may uptrend. even end of this week..slow n steady uptrend wit some minor shake off those weak holder..

Two consecutive matching lows on the 4H. Keeping my eye on this one

long...@2232

IMNSHO(Lmao). SOTMG, EC would consolidate this week between today's low and high prices 1.2220-1.2280(20 pip more up or down- no difference).

Play freely, short high long low or in the middle if you like. Next week would test 1.236* resistance, the week after and after that week would?(I know, surprise TNT).

If market move more than that range this week, would be to 1.2350-60 resistance and 1.219* support. BBN

lol..every1 go long on EC, i went short AGAIN EC...onli long buyer wit deep margin n wasnt scare is strong enough to hold on~~

69% 24traders long
31% 11 traders short

^^^ ROFL. If you had not yet follow my advice and closed your long on 1.228 or on that 20 more pip(high 1.2295 today) talked about in post 10,627, and added a short, you better close your long, unless you want to see all your profits vanish in some hours time. You can enter a new long on the 1.222* or 1.223*
Nothing changed, consolidation running, long short short long. Cheers